Investors Accuse Invest Financial Of Unauthorized Trading
Johnathon Leland Cope of Canton Georgia a stockbroker formerly registered with Invest Financial Corporation is referenced in a customer initiated investment related complaint on February 19, 2016 in which the customer sought $8,015.32 in damages supported by allegations that Cope effected the sale of a mutual fund in the customer’s account without procuring the customer’s consent.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Cope has been referenced in two more customer initiated investment related disputes pertaining to allegations of his misconduct while employed by Invest Financial Corporation and Morgan Keegan and Company. Specifically, on March 30, 2011, a customer filed an investment related written complaint concerning Cope’s activities where the customer requested damages estimated to exceed $5,000.00 based upon accusations that misrepresentations had been made to the customer concerning real estate investment trust products that were purchased in the customer’s account.
Then, on October 8, 2015, a customer initiated investment related written complaint was settled to resolve allegations that the customer was placed in collateralized mortgage obligations which were in no way suitable for the customer given the customer’s objectives for investing and risk tolerance.
Cope’s registration with Invest Financial Corporation has been terminated as of September 2, 2016. Since then, Cope has been registered with BB&T Securities, LLC.